Section 3 of the Private Car Package Policy general conditions talks about reasonable care. “The insured shall take all reasonable steps to safeguard the vehicle insured from loss or damage to maintain it in efficient condition”. What are the reasonable steps to safeguard the vehicle? What maybe reasonable to me may not reasonable to you…on […]
Category: Insurances
7. Right to Inspect
Right to Inspect – No website or a blog that deals with the motor insurance policy has talked of the issue which is being said here. An extract from the Motor Policy Document:“The insured shall take all reasonable steps to safeguard the vehicle insured from loss or damage and maintain it in efficient condition.”Further, “The […]
6. Vehicle or Car / Damage or loss
I am going back again to the application or proposal form to write about the three terms: Vehicle or car and damage or loss. What is a vehicle? The term vehicle or car are used in the Private Car Package Policy application interchangeably. Anyone can have a picture of a vehicle or of a carin […]
5. Are you a member of Automobile Association of India?
I am dealing with the other question…’Are you a member of Automobile Association of India?’ If yes, please submit a membership copy. Firstly, there is no such association called Automobile Association of India. When I queried on my computer for the website of Automobile Association of India, I was directed to a website called Automobile […]
4. Whether the car is certified as vintage car by Vintage and Classic Car club of India?
There is a question that attracted my attention in the Motor Insurance application form. Thatquestion is: ‘Whether the car is certified as vintage car by Vintage and Classic Car club of India?’ Vintage and Classic Car Club of India…what is it? I was curious to know more about this Vintage andClassic Car Club of India? […]
3. Total Loss & Constructive Total Loss
In page 2 of the Motor Insurance application, these magic words are found – Total Loss and Constructive Total Loss. The wording is as follows: “The schedule of age-wise depreciation as shown alongside is applicable for the purpose of Total Loss/Constructive Total Loss (TL/CTL) claims only. They have given age-wise depreciation schedule also in the […]
2. What is a Motor Insurance Proposal?
Proposal in simple English means an application. We submit an application to an insurance company requesting for insurance. Examples: An application for a job; an application for admission in a college; and an application for waiver of fee etc. An application is a written statement wherein a motor insurance customer writes about himself, hisassets, income, […]
1. Motor Insurance Application or Proposal Form
At the very beginning, two interesting conditions are present in the application form:1) Policy wordings are available on request2) Please complete all sections in capitals and tick boxes wherever applicable. I am a common man. I do not have the requisite technical knowledge of insurance or its terminology. And Motor Insurance is compulsory! I do […]
Motor Insurance – When the Insurers Don’t Pay?
Of all the insurance products, Motor Insurance is very popular not only in India but also across theglobe, because of its compulsory nature. Typically, motor insurance is divided into, very popularlyknown, two types: Third Party (TP) and Comprehensive. What these insurances are we shall beseeing in these series. The modus operandi of each of the […]
FOOLISH IPL 2020!!!
For the last 3 months we have complete COVID 19 lockdown in India. Many events are postponed/cancelled. Olympics and Wimbledon were cancelled. I am just talking of few big names as an example. Wimbledon organizers are very intelligent. They have an ongoing insurance programme. Imbedded in the insurance terms and conditions – there is a […]
